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posted by martyb on Monday September 05 2016, @08:55AM   Printer-friendly
from the You-bought-insurance,-right? dept.

SpaceX will need to pay up for its destruction of an AMOS-6 satellite:

SpaceX may be on the hook to compensate Space Communication Ltd. (Spacecom) for the satellite that was destroyed during the explosion of a Falcon 9 rocket — either with a free trip or $50 million, according to Reuters .

The construction, launch preparation and operation of the AMOS-6 satellite, which would have been used to "significantly expand the variety of communications services provided by Spacecom," reportedly cost the company more than $195 million. The officials from the company also noted that it could also collect upwards of $205 million from Israel Aircraft Industries, which built the satellite. SpaceX hasn't said what kind of insurance it purchased for the rocket, or what that insurance might pay for, Reuters reported. SpaceX wasn't immediately available for comment.

The failure of the launch may also kill a deal for Beijing Xinwei Technology Group to acquire Spacecom.


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  • (Score: -1, Flamebait) by Ethanol-fueled on Monday September 05 2016, @03:50PM

    by Ethanol-fueled (2792) on Monday September 05 2016, @03:50PM (#397822) Homepage

    And nothing of value was lost. That was ZuckerJew's satellite, and even worse, the intent was to deploy it to monitor Ooga-Boogas.

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  • (Score: 2) by DannyB on Tuesday September 06 2016, @02:20PM

    by DannyB (5839) Subscriber Badge on Tuesday September 06 2016, @02:20PM (#398117) Journal

    The intent was for Facebook to use that satellite to enslave poor people into a Facebook's vision of an Internet prison camp, er . . . um, I meant "walled garden".

    A censored, er, . . . wait, I meant uh, "curated" Internet where you only see things that benefit Facebook.

    That was the true porpoise of the satellite.

    --
    People today are educated enough to repeat what they are taught but not to question what they are taught.